Post by troycuthers on Jun 20, 2019 11:05:40 GMT
It will depend on your credit score. You can negotiate with your lender for a lower interest rate if you have a high credit score.
The tenure of the car loan will not only decide your total interest outgo but the interest rate. Generally banks charges higher interest rate in shorter tenure loan and lower interest rate on longer tenure of loan.
Car age and model will also one of the factors that is taken into consideration while deciding the car loan interest rates.
The tenure of the car loan will not only decide your total interest outgo but the interest rate. Generally banks charges higher interest rate in shorter tenure loan and lower interest rate on longer tenure of loan.
Car age and model will also one of the factors that is taken into consideration while deciding the car loan interest rates.